Online spending to reach $61B this holiday season
Though Comscore Inc. is predicting double-digit gains for
online spending this holiday, the digital metrics firm notes that wage
stagnation and lack of discretionary income among the middle class could
weigh on the season.
Same-store sales soar, losses narrow for Birks
Following a tough fiscal year, specialty jeweler Birks Group Inc. has rebounded with a strong second quarter and first half, driven by watch sales and an increase in average ticket, number of transactions and store traffic.
Which retailers will be open on Thanksgiving Day?
Though turkey day is becoming increasingly popular for shopping, the backlash from employees who miss family time has caused some stores to take a stand against it. Specialty jeweler Rogers & Hollands is one of them.
Overstock buys Bidz.com’s inventory
Overstock has acquired the entire inventory of foreclosed jewelry auction site Bidz.com, which will serve to be the center of the company’s new Jewelry Liquidation Vault.